Taxation (Multinational - Global and Domestic Minimum Tax) Rules 2024
CHAPTER 8
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ADMINISTRATION
PART 8-2
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SAFE HARBOURS
Division 2
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Transitional CbCR Safe Harbour
Subdivision C
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Simplified ETR test
SECTION 8-55
8-55
MEANING OF TRANSITION RATE
The Transition Rate for a Fiscal Year means: (a) if the Fiscal Year starts in the 2023 or 2024 calendar year - 15%; or (b) if the Fiscal Year starts in the 2025 calendar year - 16%; or (c) if the Fiscal Year starts in the 2026 calendar year - 17%.
The Transition Rate for a Fiscal Year means: (a) if the Fiscal Year starts in the 2023 or 2024 calendar year - 15%; or (b) if the Fiscal Year starts in the 2025 calendar year - 16%; or (c) if the Fiscal Year starts in the 2026 calendar year - 17%.
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